Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Ellis Capital acquires significant stake

Ellis Capital acquires significant stake in National Mail

Auckland based investment bankers, Ellis Capital Limited, today announced that it has it had acquired a stake of 2,761,548 shares in alternative postal operator National Mail New Zealand Limited. This represents 10.3 percent of the issued capital of the company.

Ellis Capital executive, John Southworth, described the move as a term investment in a growth company which has wonderful opportunities.

“We expect National Mail to take significant market share from the incumbent postal operator which, until recent deregulation, had been a state owned monopoly,” Mr Southworth said.

He said the recent New Zealand sharemarket malaise offered an excellent opportunity to buy stock at bargain prices and won’t rule out purchasing more stock in National Mail.

Ellis Capital limited is an Auckland-based investment bank which specialises in capital raising and capital restructuring in the small to medium capital market.

It is an aggressive and acquisitive investor, which plans to continue to acquire stakes in undervalued high growth companies.


ENDS


For further information, please contact:

John Southworth
Ellis Capital Limited
Tel: 0-9-379 1661

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: